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Author Topic: Still safe to buy now?  (Read 1896 times)
Capt Drake
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November 13, 2014, 07:40:55 PM
 #21

Put some buys at 340 and 360 area since it already got down to 380 today.

And then wait for the price go in the 500 area and sell it.
picolo
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November 13, 2014, 07:48:10 PM
 #22

I believe that bitcoin will plateau at $5000 or above within 20 years.  It may someday go much higher, but I believe that is decades away.  So I think that it is safe to buy at any price below $5000 as long as you are willing to buy and hold.  If you plan on selling soon then this is probably not a safe time to buy.  I would not be surprised if the price falls below $300 once or twice more on its way to $5000+

We are close to 300$ so we may go back there a few times but your 5000$ goal is a bit arbitroray : why not 3,500$ or 11,000$; we don't know what will be the value of the USD in 10 years except that it will be a lot less than now; maybe 50% less but maybe 98% less
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